Following is a Ratings Analysis of the International Development Association ("IDA") dated November 9, 2017 from Moody's Investor Service.

Please read the following text before accessing the ratings analysis and indicate your acceptance where provided below.

By clicking the link "I Accept", the user agrees to the following:

IDA makes no warranties as to the accuracy, adequacy, completeness or timeliness of the contents of the following document.

Providing a link to the following document from the IDA web site does not implyendorsement or approval of its contents by IDA.

The following document shall not be construed to contain, explicitly or implicitly, any investment recommendations. The following document does not constitute an offer of or an invitation by or on behalf of IDA to purchase or sell any securities, nor should it be considered investment advice.